Return Account definition

Return Account means, for each Project, a notional account maintained for Investor in accordance with the following: (i) on each Calculation Date after the Effective Date, the following amounts will be added to such Account: (a) an amount equal to the product of (x) 2.1192% of the balance in Investor's Capital Contribution Account as of the first day of the Fiscal Year quarter in which such Calculation Date occurs, multiplied by (y) a fraction, the numerator of which is the number of days that have theretofore elapsed during such Fiscal Year quarter and the denominator of which is the total number of days in such Fiscal Year quarter; and (b) an amount equal to the product of (x) 2.1192% of the balance in the 8.75% Return Account as of the first day of the Fiscal Year quarter in which such Calculation Date occurs, multiplied by (y) a fraction, the numerator of which is the number of days that have theretofore elapsed during such Fiscal Year quarter and the denominator of which is the total number of days in such Fiscal Year quarter; and (ii) on each Calculation Date after the Effective Date, the following amounts that generated by such Project under Section 8.1(f) hereof will be deducted from such Account until the balance is reduced to zero: (a) all amounts deducted from the 8.25% Return Account for such Project on such Calculation Date; (b) the amount of distributions of Available Cash of such Project allocable during such Fiscal Year quarter to such Account under Section 8.1(f)(4) hereof; (c) the amount of distributions of Capital Proceeds made during such quarter to Investor under Section 8.3 hereof that are applied to reduce the balance in such Account in accordance with Section 8.1(f) hereof; (d) the amount of distributions of Net Refinancing Proceeds made during such quarter to Investor under Section 8.4(c) hereof; and (e) the amount of RSD Payments made to Investor during such quarter and allocated to the 8.75% Return Account under Section 13.1(c)(6)(iii) hereof.
Sample 1
Return Account for the Partners shall mean the sum of:
Sample 1Sample 2
Return Account means with respect to any Party at any time, the excess, if any, of such Party’s Return through such time over the total amount of cash distributed to such Party prior to such time pursuant to Sections 4.1(a)(i) and 4.1(b)(i), in the case of the Company, or Sections 4.1(a)(i) and 4.1(b)(iii), in the case of SPV.
Sample 1

Examples of Return Account in a sentence

  • As of the last day of each Fiscal Year or such earlier day in December as the Administrator shall determine, an Annual Charge of 2.0% of the Participant's Undistributed Deferred Amounts (exclusive of any appreciation or depreciation) shall be applied to reduce the Benchmark Return Account Balance (but not below zero).

  • To the extent necessary, the Participant's Benchmark Return Account Balance will also be adjusted, as of the date of the termination, to credit the Participant with the amount of any Unleveraged Distributions that were previously applied to the repayment of the Leveraged Principal Amount and any Interest Amounts and, to the extent necessary, any Leveraged Distributions paid out to the Participant will be stated as a negative balance in the Participant's Debit Account.

  • In the event that such rescission occurs after the Interim Period, the Available Benchmark Return Account Balance will be repaid to the Participant and further payments will be made as additional amounts become credited to the Benchmark Return Account.

  • If a beneficiary who is receiving or is entitled to receive payments hereunder dies after the Participant dies, but before all payments have been made, the portion of the Benchmark Return Account to which that beneficiary was entitled will be paid as soon as practicable in one lump sum or as available (in the event that all distributions have not been made with respect to the KECALP Unit Account) to such beneficiary's estate and not to any contingent beneficiary the Participant may have designated.

  • Accordingly, actual amounts of Adjusted Compensation deferred, in accordance with a Participant's elections, after the crediting of the Participant's KECALP Unit Account, will be applied against such advances and no such deferrals shall be credited to the Participant's Benchmark Return Account until such advances are repaid.

  • If the Participant's employment terminates at any time for any reason other than death or Retirement, then, notwithstanding the Participant's elections hereunder, any Available Benchmark Return Account Balance will be paid to the Participant, as soon as practicable, in a single payment if all distributions have been made with respect to the KECALP Unit Account or as available, as soon thereafter as is practicable, notwithstanding the Participant's elections hereunder.

  • As of each Valuation Date, the Excess Savings Account and the PS Deferred Return Account of each Participant shall be credited or debited on the books of the Company with a gain or loss equal to the adjustment that would be made if assets equal to such Account had been invested with a rate of return equal to 120% of the long-term Applicable Federal Rate (adjusted monthly).

  • To the extent the Benchmark Return Account Balance is insufficient to satisfy the Annual Charge, the unpaid portion will accrue as a negative balance in the Debit Account.

  • ML & Co. may pay to the Participant, on such terms and conditions as the Administrator may establish, such part or all of a Participant's Available Benchmark Return Account Balance as he may, in his sole discretion based upon substantial evidence submitted by the Participant, determine necessary to alleviate hardship caused by an unanticipated emergency or necessity outside of the Participant's control affecting the Participant's personal or family affairs.

  • Any amounts not applied to the KECALP Unit Account will remain in the Benchmark Return Account (or be applied to reduce negative balances in the Debit Account).


More Definitions of Return Account

Return Account means a bookkeeping account established with respect to each Limited Partner in order to determine whether and when cumulative cash distributions to such Partner exceed the aggregate of its Capital Contributions and a 10% per annum cumulative, compounded annual return thereon (such rate of return shall hereinafter be referred to as the "RETURN RATE"). The Return Account shall be determined on the last day of each calendar month as follows:
Sample 1
Return Account means an Account that was previously accepted by a -------------- Credit Card Issuer in respect of which the Customer returns to Seller all or a portion of the purchased items, which return results in a credit to that customer's credit card account, and a corresponding reimbursement obligation to the Credit Card Issuer.
Sample 1
Return Account means an account at a Bank held by You in Your name. Such account may be changed from time to time in accordance with Condition 9.1;
Sample 1

Related to Return Account

  • Contribution Account means an account, or accounts, into which the Accountholder and employer contributions are deposited by the TPA, and from which HSA dollars are swept into the Cash Account.

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Regular account means the account established for each active and inactive member un-

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Voluntary Contribution Account means the account established and maintained by the Administrator for each Participant with respect to his total interest in the Plan resulting from the Participant's nondeductible voluntary contributions made pursuant to Section 4.12.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Share Premium Account means the share premium account established in accordance with these Articles and the Companies Act;

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • Member Account means the regular account and the variable account.

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Payroll Deduction Account means the bookkeeping account established for a Participant in accordance with Section 6.

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.

  • Company Matching Account means (i) the sum of all of a Participant's Annual Company Matching Amounts, plus (ii) amounts credited in accordance with all the applicable crediting provisions of this Plan that relate to the Participant's Company Matching Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant's Company Matching Account.

  • In-Service Account means a separate account to be kept for each Participant that has elected to take in-service distributions as described in Section 5.4. The In-Service Account shall be adjusted in the same manner and at the same time as the Deferred Compensation Account under Section 8 and in accordance with the rules and elections in effect under Section 8.

  • Share Account A form of Deposit Account that each member is required to maintain to remain a member of BECU. We, us, our: BECU. You, your: Each person or entity, individually, and collectively, who opens, establishes, accesses, is named as an Account Holder or Authorized Signer or who applies for any Account.

  • Investment Account As defined in Section 3.12(a).

  • Employer Account The Participant's Matching 401(k) Contributions Account, Matching Thrift Contributions Account, Employer Contributions Account, Qualified Matching Contributions Account and Qualified Nonelective Contributions Account, as the case may be.

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Billing Account is the checking account from which all Service fees will be automatically debited.

  • Rollover Account means the account established hereunder to which amounts transferred from a qualified plan or individual retirement account in accordance with Section 4.6 are allocated.

  • Aggregate Account means, with respect to each Participant, the value of all accounts maintained on behalf of a Participant, whether attributable to Employer or Employee contributions, subject to the provisions of Section 9.2.

  • Matching Account means the account maintained on the books of the Employer for the purpose of accounting for the Matching Amount and for the amount of investment return credited thereto for each Participant pursuant to Article V.

  • Expense Account The account established and maintained pursuant to Section 3.25.

  • User Account means an account under the name of the Customer in relation to the Service subscribed by the Customer.